AAR (NYSE:AIR) Cut to Hold at Zacks Research

Zacks Research downgraded shares of AAR (NYSE:AIR) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on AIR. Jefferies Financial Group raised their price target on shares of AAR to $135.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Royal Bank Of Canada increased their price objective on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group began coverage on AAR in a research note on Monday, January 26th. They set a “neutral” rating and a $121.00 target price for the company. KeyCorp upped their price target on AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.60.

AAR Stock Down 0.1%

Shares of NYSE:AIR opened at $108.67 on Monday. The firm has a market capitalization of $4.30 billion, a PE ratio of 42.61 and a beta of 1.19. AAR has a 1 year low of $46.51 and a 1 year high of $121.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The firm’s 50-day moving average is $109.12 and its two-hundred day moving average is $91.40.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $795.30 million during the quarter, compared to analyst estimates of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. Analysts predict that AAR will post 3.77 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total value of $455,961.75. Following the completion of the transaction, the chief accounting officer directly owned 29,557 shares of the company’s stock, valued at $2,815,304.25. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 30,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $97.50, for a total transaction of $2,925,000.00. Following the completion of the transaction, the chief executive officer owned 237,064 shares in the company, valued at $23,113,740. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,984 shares of company stock worth $12,517,090. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AIR. McMillan Office Inc. purchased a new stake in AAR in the fourth quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new position in AAR in the second quarter valued at $26,000. Morse Asset Management Inc purchased a new position in shares of AAR during the third quarter worth about $27,000. NBC Securities Inc. acquired a new stake in shares of AAR during the fourth quarter worth about $28,000. Finally, Danske Bank A S acquired a new stake in shares of AAR during the fourth quarter worth about $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.